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Lucidly Finance — Lucidly Finance

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Ethereum proof of stake has been live for about a year now and about 31.1 million ETH sits in the beacon deposit contract at the moment with about 39% of it liquid staked. The single largest liquid staking protocol is Lido at the moment with 8.8 million ETH staked through stETH. Coinbase comes second, then the biggest is Rocketpool and then comes Frax, Stakewise, Ankr, Cream and many others. Lido has been facing some backlash recently for doing too well because that might become a “centralization threat” to Ethereum down the line. This blog gives some good insights of the attack vectors that might arise from Lido. An important feature of liquid staking is accessing staked capital that is put on stake for participating in consensus, and hence, “liquidity” is important. Each ETH staked with Lido mints an stETH, which you can then sell for ~1 ETH on secondary markets, put up as collateral to borrow other crypto from protocols like Maker, AAVE, Lybra etc, deposit on Pendle to strip your as

Ethereum proof of stake has been live for about a year now and about 31.1 million ETH sits in the beacon deposit contract at the moment with about 39% of it liquid staked. liquid staked ETH data from https://dune.com/eliasimos/Eth2-Liquid-Staking The single largest liquid staking protocol is Lido at the moment with 8.8 million ETH staked through stETH . Coinbase comes second, then the biggest is Rocketpool and then comes Frax, Stakewise, Ankr, Cream and many others. Lido has been facing some backlash recently for doing too well because that might become a “centralization threat” to Ethereum do

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